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Lok Sabha passes bill to amend tax and regulatory norms
New Delhi, Aug 6: Lok Sabha today passed a bill which provides for a series of tax and regulatory changes aimed at attracting foreign investment, strengthening domestic manufacturing, improving tax certainty and supporting India's digital…
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UPI payments may be charged
New Delhi, Aug 6: UPI payments are free as of now but these may carry a charge in the near future.
Finance Minister Nirmala Sitharaman has moved a bill in Parliament which provides for amendments to the Payment and Settlement Systems…
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Slowest growth of services sector in India recorded in 4 years
New Delhi, Aug 6: The services sector in India saw the slowest pace of expansion in more than four years in July, falling to 53.3 from 57.4 in June, according to HSBC India Services Purchasing Managers' Index (PMI).
Softer client demand…
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Container Trains can now be operated on all routes under single All-India licence
New Delhi, Aug 6: Container Train Operators (CTOs) will be permitted to run container trains on all routes across the network under a single All India license, with a uniform registration fee of Rs 25 crore.
This decision does away with…
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Govt Notifies Framework Which Enables Export-only Inventory Operations through Registered…
New Delhi, Aug 6: The Government has operationalised the Inventory-based Cross-border E-Commerce Export Framework under the Foreign Trade Policy (FTP), 2023 which provides a comprehensive policy and procedural architecture for facilitating…
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India’s Swan Defence Co. wins contract from Denmark-based ship firm
New Delhi, Aug 6: India's shipbuilding and heavy engineering company Swan Defence and Heavy Industries Limited (SDHI) has secured a contract from Denmark-based towage operator Svitzer A/S to construct four advanced TRAnsverse 3200 tugs.…
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RBI plans to introduce plastic currency notes next April
Mumbai, Aug 5: The Reserve Bank of India (RBI) plans to introduce polymer or plastic currency notes at the start of the next financial year, subject to successful field trials, Governor Sanjay Malhotra said today.
Pilot issuance of…
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Nykaa reports 226% net profit in First Quarter of Current Financial Year
New Delhi, Aug 5: FSN Ecommerce Ventures, the parent company of beauty and lifestyle platform Nykaa, has reported a 226 per cent year-on-year (YoY) jump in its consolidated net profit in the first quarter of the current fiscal…
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Alcohol Labels: Food Safety’s Newest Compliance Frontier
New Delhi, Aug 5: Most drinkers assume that a bottle labelled "aged 12 years" contains whisky that spent twelve years in a barrel.
Under India's own alcoholic beverage regulations, that assumption has never actually been guaranteed.…
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RBI keeps Repo Rate unchanged at 5.25%; GDP projection 6.7% in FY27
Mumbai, Aug 5: Announcing the quarterly Monetary Policy today, the Reserve Bank of India (RBI) kept the Repo Rate unchanged at 5.25 per cent and projected the real GDP growth of 6.7 per cent in the current financial year 2026-27.
The RBI…
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